Seasoned executive

Since 2016 Hancock has served as director of performance management at Lloyd’s, where his portfolio included responsibility for overseeing performance and risk management globally across the Lloyd’s market.

He said he was “pleased to join AIG as the company continues its remarkable progress towards being a top performing company”.

“I look forward to working with AIG’s talented colleagues around the world to enhance the value we deliver to clients as we position the company for sustained profitable growth,” Hancock added.

Zaffino said: “[Hancock] is a seasoned executive and industry leader recognised for his track record of underwriting excellence and delivering strong financial result.

“[Hancock’s] deep technical expertise and significant international operating experience ideally qualify him for this important leadership role.”

Prior to Lloyd’s, Hancock spent 26 years at RSA in roles of increasing responsibility – this included serving as managing director, UK commercial, which encompassed RSA’s European specialty businesses, and global broker relationship director.

He previously served as RSA’s chief executive, Asia and Middle East, and held chief underwriter and risk roles in both developed and emerging markets.